BitMine (BMNR) Stock Surges 6% as It Closes In on 5% of All Ethereum

TLDR

• BMNR rose 6.44% to $24.30 on August 24 after reporting a weekly ETH purchase of 32,447 tokens
• BitMine now holds 5.85 million ETH, worth roughly $14.9 billion in combined crypto and other assets
• The 5.85M ETH position equals 4.8% of circulating Ethereum supply, close to the company’s 5% target
• Chairman Tom Lee says BitMine could reach 5% before year-end, needing around $620 million more in ETH
• Ethereum itself rose 31.8% in the past seven days, its best weekly performance since May 2025

BitMine Immersion Technologies (BMNR) climbed 6.44% to $24.30 on August 24, up $1.47 from the previous close of $22.83. Trading volume hit 24.8 million, below the average of 37.4 million.

Bitmine Immersion Technologies, Inc., BMNR

The move came after BitMine disclosed it bought 32,447 ETH in a single week, pushing its total Ethereum treasury to 5.85 million tokens. The company valued those holdings at $2,440 per ETH.

That 5.85 million ETH stack now equals 4.8% of the circulating global supply of Ethereum. BitMine’s stated target is 5%.

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